Archive for June, 2010

Solo Angel Investing Versus Joining a Group

June 30 2010 No Commented

Solo Angel Investing Versus Joining a Group I was a solo angel investor from 1980 until 2000 and made a significant fraction of my 52 angel investments during that period.  Solo angel investing is just plain hard work.  I found that, as a solo angel, it was difficult to complete adequate due diligence and very […]

Dean Greg Whittred (UABS) interviewed Bill Payne

June 25 2010 No Commented

On April 21, 2001, Bill Payne delivered the University of Auckland Business School’s Dean’s Distinguished Speaker Series lecture, Angel Trends and Implications for New Zealand.  Following that lecture, Dean Greg Whittred (UABS) interviewed Bill to discuss angel investing and the environment for entrepreneurs seeking capital in New Zealand <interview link>. Bill Payne is the 2010 […]

Do Angels See a Return on Invested Time?

June 16 2010 No Commented

Do Angels See a Return on Invested Time? As has been reported in an earlier post, angels with a diversified portfolio of invested companies should expect to earn about 25% IRR over a decade or so of angel investing.  A frequent question from new investors is: “but what is your return on time invested in […]

How Much Ownership do Angels Require?

June 1 2010 one Commented

How Much Ownership do Angels Require? A frequent question from entrepreneurs is “how much ownership do angels expect to purchase with their investment in my start-up venture?” First, a reminder:  Angels are investors, not bankers.  So, in most cases angels purchase equity in new ventures, and are not lending funds to entrepreneurs, in anticipation that […]